Kolkata-based asset-light menswear fashion house selling the mass-market FTX brand and premium Gen-Z brand TRIBE via e-commerce, quick commerce, distributors and large-format retail, plus white-label manufacturing for other retail chains.
Price
Market Cap
Sector
Consumer Discretionary
Rank
| Line item | FY21 | FY22 | FY23 | FY24 | FY24 | FY25 | FY26 | FY26 |
|---|---|---|---|---|---|---|---|---|
| LiabilitiesEquity Capital | 7 | 8 | 9 | 13 | 13 | 18 | 18 | 18 |
| Reserves | 0 | 0 | 0 | 6 | 7 | 46 | 52 | 66 |
| Borrowings | 24 | 24 | 23 | 29 | 33 | 13 | 34 | 45 |
| Other Liabilities | 17 | 11 | 7 | 11 | 13 | 14 | 6 | 35 |
| Total Liabilities | 49 | 43 | 39 | 59 | 66 | 91 | 110 | 163 |
| AssetsFixed Assets | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 48 | 42 | 38 | 58 | 65 | 89 | 107 | 161 |
| Total Assets | 49 | 43 | 39 | 59 | 66 | 91 | 110 | 163 |
| Line item | FY21 | FY22 | FY23 | FY24 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| ActivitiesCash from Operating | 3 | 3 | 5 | 1 | -40 | -10 | -42 |
| Cash from Investing | 0 | 0 | -1 | 0 | -10 | 5 | -1 |
| Cash from Financing | -2 | -2 | -5 | -2 | 50 | 13 | 35 |
| SummaryCapital Expenditure | — | — | — | — | — | — | — |
| Free Cash Flow | 2 | 2 | 5 | 1 | -41 | -11 | -43 |
| FCF Margin | — | — | — | — | — | — | — |
This looks cyclical, and we don't have enough quarters to establish a through-cycle earnings base. Valuing it off the current point in the cycle would be misleading.
FORCAS · CYCLICAL_UNMODELABLE
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